Enright Keith 4
Research Summary
AI-generated summary
ZoomInfo (GTM) Director Keith Enright Exercises Options, Receives RSUs
What Happened
- Keith Enright, a director of ZoomInfo Technologies (GTM), reported exercising/converting derivatives for 19,551 shares and the subsequent disposition/settlement of those 19,551 shares on May 14, 2026. He was also granted/awarded 51,283 restricted stock units (RSUs) on the same date.
- The derivative exercise/conversion is reported with no cash price shown (disposition reported at $0). The 51,283 RSUs are reported at $0 (typical for equity awards/compensation). These transactions appear to be compensation-related rather than an open-market buy or sale.
Key Details
- Transaction date: May 14, 2026; Form 4 filed May 18, 2026 (timely filing; no late filing indicated).
- Transactions reported:
- Code M (exercise/conversion of derivative): 19,551 shares acquired and 19,551 shares disposed, price reported as $0 for the disposition.
- Code A (grant/award/acquisition): 51,283 RSUs granted at $0.
- Footnotes:
- F1: Each RSU converts to one share of common stock and may be settled in shares, cash, or a combination at the issuer’s discretion.
- F2: Some RSUs vested on May 14, 2026 (the issuer’s annual meeting date).
- F3: Other RSUs will vest on the earlier of May 14, 2027 or the next annual meeting.
- Shares owned after the transactions are not specified in the filing.
Context
- Code M indicates an exercise/conversion of a derivative instrument (e.g., options or other convertible award). The filing shows the exercised 19,551 shares were reported as disposed at $0; the filing does not state any cash proceeds—this often reflects net or share-settled treatment but the Form 4 here does not specify cash received.
- The 51,283 entries are RSU awards: some vested immediately per the filing (F2), while the remainder remain subject to future vesting (F3). RSU grants and exercises by directors are commonly compensation-related and do not necessarily indicate a change in sentiment about the company.